Coinbase, a major American cryptocurrency exchange will now onwards allows it, users, to withdraw Bitcoin SV (BSV) balances to external wallets. The BSV was generated from a hard fork in the Bitcoin Cash (BCH) blockchain in November of last year.
The hard fork split the network and resulted in two new coin – Bitcoin SV and Bitcoin ABC. The Bitcoin SV aka Satoshi’s Vision wad led by Craig Wright, an Australian computer scientist who claims himself to be Bitcoin creator Satoshi Nakamoto. After the split, Coinbase users holding BCH received an equal amount of BSV, however, the exchange did not provide users to withdraw their BSV, until now.
According to an announcement published on Feb. 14, the Coinbase users are now able to send their BSV balance to an external wallet. The platform also noted that it still does not offer services for buying or selling BSV on its platforms.
“custodial losses taken on due to attacks originating from nChain or its affiliates will be socialized among all BSV holders on Kraken. Given the volatile state of the network and threats that have been made, Kraken cannot guarantee perfect custody of BSV.”